Indonesian Mining Association


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Newmont IPO Pending Finance Minister Decision

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BY BASTANUL SIREGAR Bisnis Indonesia

JAKARTA The management of PT Newmont Nusa Tenggara’s Batu Hijau mine in West Nusa Tenggara Barat is awaiting the Finance Minister’s decision regarding divestiture of a 7% stake, to hold an initial public offering (IPO).

Newmont President Director Martiono Hadianto said as soon as the divestiture decision was confirmed, the company would prepare for an IPO. “So the IPO could be held this semester or next semester,” he said in Jakarta last night.

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PT DMB Presence Sued

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JAKARTA- United Parliament Members Coalitions (Koalisi Anggota Parlemen Bersatu) of Sumbawa and West Sumbawa Regency sued the presence of PT Daerah Maju Bersaing (DMB) to be immediately dismissed. The crux of the matter is that the foundation of the local company is allegedly violating Laws (UU) No 32/2004 article 177 concerning Local Administration.

PT DMB is a local company which was founded by three local administrations in West Nusa Tenggara (NTB), namely NTB Provincial Administration (Pemprov), Regency Administration (Pemkab) Sumbawa, and Pemkab Sumbawa Barat.

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Central Administration Still Eyes Newmont Share

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JAKARTA: Finance Minister reiterated that the central administration will still acquire the 7% stake in PT Newmont Nusa Tenggara (NNT) divestment program this year.

Terakhir Diperbaharui ( Senin, 25 Juni 2012 03:24 ) Selengkapnya...
 

Copper Price Goes Down

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Copper price declined for the first time in three days in London, as expectations of slower growth in China, the world largest customer damped the demand outlook.

The metal for three-month delivery slid as much as 0.5 percent to US$9,637.5 a metric ton on the London Metal Exchange, and traded at US$9,657 by 11:15 AM Singapore time

Meanwhile, the contract price for zinc dropped 1.3% to become US$2.448 per ton.

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